Shares of Herman Miller Inc. (NASDAQ:MLHR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $34.90 and last traded at $34.89, with a volume of 101,483 shares traded. The stock had previously closed at $34.74.

A number of analysts recently issued reports on MLHR shares. BB&T Corp. lowered shares of Herman Miller from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Herman Miller from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th.

The company has a market cap of $2.09 billion and a P/E ratio of 15.45. The firm’s 50-day moving average price is $32.42 and its 200 day moving average price is $30.08.

Herman Miller (NASDAQ:MLHR) last released its quarterly earnings results on Wednesday, June 22nd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $582.60 million for the quarter, compared to the consensus estimate of $568.55 million. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. Equities research analysts expect that Herman Miller Inc. will post $2.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Saturday, September 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Herman Miller’s previous quarterly dividend of $0.15.

In other Herman Miller news, CEO Brian C. Walker sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $33.69, for a total transaction of $269,520.00. Following the sale, the chief executive officer now directly owns 179,299 shares in the company, valued at approximately $6,040,583.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen C. Gane sold 5,936 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $32.25, for a total transaction of $191,436.00. Following the sale, the senior vice president now owns 22,047 shares in the company, valued at $711,015.75. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Herman Miller stock. Schroder Investment Management Group increased its position in Herman Miller Inc. (NASDAQ:MLHR) by 11.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 674,952 shares of the company’s stock after buying an additional 68,076 shares during the period. Schroder Investment Management Group owned about 1.13% of Herman Miller worth $19,371,000 at the end of the most recent quarter.

Herman Miller, Inc, researches, designs, manufactures, and distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world. It operates in three segments: North American Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products for work-related settings, including office, education, and healthcare environments, throughout the United States and Canada; ELA Furniture Solutions, which includes EMEA, Latin America, and Asia-Pacific.

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